Guideline Value for Thirumalai Nagar (Anna Street)

Thirumalai Nagar (Anna Street) guideline value

The current guideline value of Thirumalai Nagar (Anna Street) is Rs 2,000 per sq.ft, effective from 1 July 2024. This street is located in Thirumullaivoyal village under the Ambattur SRO, and it falls under the Residential Class I Type - III land classification.

How the guideline value of Thirumalai Nagar (Anna Street) has changed

The guideline value for Thirumalai Nagar (Anna Street) has undergone several revisions over the years. In 2012, the guideline value was set at Rs 1,900 per sq.ft. This value remained unchanged until the next revision in 2017, where it decreased to Rs 1,273 per sq.ft. Following this, the value increased significantly to Rs 1,900 per sq.ft in 2023, and then rose again to the current figure of Rs 2,000 per sq.ft in 2024, marking a 5% increase from the previous year.

From 2012 to 2017, there was a notable decrease of 33%. However, from 2017 to 2023, the guideline value saw a substantial increase of 49%. Overall, from 2012 to 2024, the guideline value has increased by 5%. It is important to note that the register has no figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Thirumullaivoyal

In Thirumullaivoyal, there are 975 streets under the Ambattur SRO that carry a 2024 guideline value ranging from Rs 880 to Rs 5,500 per sq.ft. The median guideline value in this area is Rs 2,400 per sq.ft, which means the guideline value of Thirumalai Nagar (Anna Street) is below that median.

• Thirumalai Nagar Extn: Rs 2,000 per sq.ft (2024)
• Thirumalai Nagar (Ganpathi Street): Rs 2,000 per sq.ft (2024)
• Thirumalai Nagar (Kamaraj Street): Rs 2,000 per sq.ft (2024)
• Thirumalai Nagar (Kambar Street): Rs 2,000 per sq.ft (2024)
• Thirumalai Nagar (Mahaveer Garden): Rs 2,000 per sq.ft (2024)
• Thirumalai Nagar (Nehru Street): Rs 2,000 per sq.ft (2024)

Stamp duty and registration fee for property in Thirumalai Nagar (Anna Street)

For a 1,000 sq.ft plot at the current guideline value of Rs 2,000 per sq.ft, the total guideline value would be Rs 20,00,000. The stamp duty at 7% would amount to Rs 1,40,000, and the registration fee at 2% would be Rs 40,000. This brings the total cost for stamp duty and registration fees to Rs 1,80,000. It is important to note that the duty is charged on the guideline value or the sale price, whichever is higher. You can also use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Thirumalai Nagar (Anna Street)?

The Sub Registrar Office that covers Thirumalai Nagar (Anna Street) is the Ambattur Sub Registrar Office. The address is Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Thirumullaivoyal

The guideline value is an essential factor in the registration process when buying or selling property in Thirumullaivoyal. It serves as a benchmark for determining the minimum value at which a property can be registered, ensuring that the transaction is recorded accurately in the official records.

When a property is sold, the buyer is required to pay stamp duty and registration fees based on the guideline value or the sale price, whichever is higher. This ensures that the government receives the appropriate revenue from property transactions in the area.

Frequently asked questions

What is the current guideline value of Thirumalai Nagar (Anna Street)?

The current guideline value of Thirumalai Nagar (Anna Street) is Rs 2,000 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 1,900 per sq.ft in 2012 to Rs 1,273 per sq.ft in 2017, then increased to Rs 1,900 per sq.ft in 2023, and is currently Rs 2,000 per sq.ft in 2024.

What are the other streets with the same guideline value in Thirumullaivoyal?

Other streets in Thirumullaivoyal with the same guideline value of Rs 2,000 per sq.ft in 2024 include Thirumalai Nagar Extn, Thirumalai Nagar (Ganpathi Street), Thirumalai Nagar (Kamaraj Street), Thirumalai Nagar (Kambar Street), Thirumalai Nagar (Mahaveer Garden), and Thirumalai Nagar (Nehru Street).

Where can I find the Sub Registrar Office for Thirumalai Nagar (Anna Street)?

The Sub Registrar Office for Thirumalai Nagar (Anna Street) is located at Villivakkam Panchayat Union Board, Office Compound, Dunlop Bus Stop, Ambattur-600 053, Chennai registration zone.

How is the stamp duty calculated for property in Thirumalai Nagar (Anna Street)?

Stamp duty is calculated at 7% of the guideline value or the sale price, whichever is higher. For a property valued at Rs 20,00,000, the stamp duty would be Rs 1,40,000.